Comments for Royal Dutch Shell plc .com News and information on Royal Dutch Shell Plc. Tue, 21 Apr 2015 19:26:19 +0000 hourly 1 Comment on Shell Blog by ANONYMOUS SOURCE Tue, 21 Apr 2015 19:26:19 +0000 ABRUPT EXIT OF SHELL TREASURER ANDY LONGDEN

I believe that high profile gaps in Andy’s broad scope of his roles & responsibilities (R&R), 12 years in the same role, (too long for a senior executive), loss of key sponsor(s), and the perceived need for a game changer that
delivers on Ben’s strategy, new operational approach, and heavier (Treasury, M&A, Pensions, and governance) Finance footprint, might have been key in his departure.

Also, remember that Andy and Ben Van Burden come from very different backgrounds. Ben is a Shell homegrown senior leader (with 30+ years), while Andy is an experienced hire. Common knowledge is that the retention history for experienced hires senior leaders is poor at Shell. Why? My understanding is that because Shell is a relationship company, many experienced hires are unable to adequately fit in and build the mentor/sponsor /other relationships that are critical for success in the company.

As to high profile gaps in Andy’s scope of R&R, any could have been used as a justification for a change such as:

1) Pension costs ($2 billion increase in pension funding is projected for 2015 (see Shell Annual report note 17 – Retirement benefits), Also, there was noise around Shell realizing over $600 million USD in pension losses in the highly publicized Bernard Madoff Ponzi scheme, uncovered in 2008,

2) UAU M&A and billions in write downs,

3). Ongoing governance issues, (flawed decisions and/or absence of appropriate actions or interventions because of management tension to achieve targets, inadequate oversight/asset integrity),

4).Other Treasury activities, (such as financial performance, cash management, investor relations, sub-optimum share based compensation delivery schemes, poor
capital discipline, to name a few.)

Comment on Shell Blog by Outsider Tue, 21 Apr 2015 09:50:17 +0000 So will Total play the White Knight to assist BP in avoiding a hostile takeover? Total are also a potential takeover target, so they may have good reason to help BP out.

Comment on Shell Blog by Relieved Fri, 17 Apr 2015 14:16:31 +0000 John,
Thanks for the advice you posted for those who may be considering bringing suit against Shell. It was quite interesting. I am certain potential litigants will find it informative and helpful.

Comment on Shell Blog by Outsider Fri, 17 Apr 2015 11:44:46 +0000 According to figures published on this site, Shell replaced just 26% of the reserves that it produced in 2014. The Groningen field represents a significant fraction of Shell’s remaining reserves. If Groningen production is halted to reduce the risk of earthquakes, the impact on Shell’s remaining reserves will be significant.

Comment on Shell Blog by Bold Bens Big Bet Fri, 10 Apr 2015 14:45:27 +0000 Very bold of Ben van Beurden. Most courageous Shell leader for many a year. Still many pitfalls, as can be seen in some of the most recent articles about the BG takeover. Not least the fluctuating oil price. Good luck to him.